4. Super Cereal Company purchases various grains (e.g. What and corn) that it prosesses into ready-to-eat cereals. Its annual demand for wheat is 300,000 bushels. Assume that the demand is uniform throughout the year. The average price of wheat is $5,75 per tructicl (delivered). Annual inventory costs are 18 percent of inventory value. The costs of placine and recciving an order are 580 . Assume that inventory replenialtment oceurs virtually instantaneondly. Determine (a) Economic order quantity ( 3 points). (b) Total annual inventory costs of this policy (3 points). (c) Optimal ordering frequency ( 3 points). (d) If the Economic Order Quantity and the Optimal ordering frequency are no determined, what are the consequences of not hitting the required targets